Steel Mills
February 27, 2018
Solid First Half for North Star BlueScope
Written by Sandy Williams
North Star BlueScope sales for the first half of FY 2018 totaled $670 million from shipments of 1,037,500 metric tons. The 12 percent year-over-year gain in sales revenue was due to higher steel prices and volume.
Underlying EBIT fell 31 percent to $113.3 million in the first half of FY 2018 as prices receded from historical highs. Steel spreads were in the range of $280-$290 per ton during the first half.
